Brown Elected to SAFECO Board of Directors

SAFECO’s Board of Directors elected Joseph W. “Jay” Brown as a director. Brown, chairman and chief executive officer of MBIA Inc., and of its main operating unit MBIA Insurance Corp., will join the SAFECO board in November.

Brown has worked in the insurance industry for nearly 30 years, including serving as president and chief executive officer of Fireman’s Fund Insurance Company and chairman and chief executive officer of Talegen Holdings Inc., Xerox’s insurance holdings company. MBIA Inc., Brown’s current company, is the world’s pre-eminent financial guarantor and leading provider of specialized financial services.